2 Oct 2020 12:31
Â
Â
Â
Â
Â
Â
_____________________________________________________________________________________________________________________________
Â
Sylvania Platinum Limited
Â
 ("Sylvania" or "the Company")
Â
 AIM (SLP)
Â
Â
Share Buyback Update and Closure
Â
Â
2 October 2020
Â
Sylvania Platinum Limited advises that as at 30 September 2020, it has acquired 168,694 Ordinary Shares for the period 1 September 2020 to 30 September 2020, representing approximately 0.06% of the Company's issued share capital, at Aus$0.9195 per Ordinary Share. This relates to the buyback of up to 1,650,339 ordinary shares of USD0.01 ("Ordinary Shares") from all certificated non-UK shareholders who hold 175,000 shares or fewer in the Company ("the Programme"), as advised in the Company's interim financial results on 17 February 2020 and subsequently extended on 1 July 2020. The shares will be placed into Treasury.
Â
This brings the total purchased during the course of the Programme to 1,047,599 Ordinary Shares representing 63.5% of the shares on offer under the Programme.
Â
Your Directors advise that the Programme has officially ended.
Â
Following the above transaction, the Company's issued share capital amounts to 286,845,657 Ordinary Shares of which a total of 15,368,967 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 271,476,690 Ordinary Shares.
Â
This announcement is released by Sylvania Platinum Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Mr Jaco Prinsloo.
Â
CORPORATE INFORMATION
Â
Registered and postal address: | Sylvania Platinum Limited |
Clarendon House | |
2 Church Street | |
Hamilton HM 11 | |
Bermuda | |
SA Operations postal address: | PO Box 976 |
Florida Hills, 1716 | |
South Africa | |
Sylvania Website: www.sylvaniaplatinum.com
Â
Â
CONTACT DETAILS
Â
For further information, please contact: | |
Jaco Prinsloo CEO Lewanne Carminati CFO | +27 11 673 1171 |
Nominated Adviser and Broker | |
Liberum Capital Limited | +44 (0) 20 3100 2000 |
Richard Crawley / Ed Phillips | |
Communications | |
Alma PR Limited | +44 (0) 20 3405 0208 |
Justine James / Josh Royston / Helena Bogle |
Â
Â